Angola: Court confirms handling of USD 500 million transfer case

Luena – The Supreme Court Chief Justice Rui Ferreira has confirmed the receipt and handling of the illegal transfer of USD 500 million from the National Bank of Angola (BNA) to an account of Credit Suisse in London (UK).

Former BNA governor, Valter Filipe and the ex- CEO of the Angolan Sovereign Fund, Jose Filomeno dos Santos are being accused in the case of transfer made in 2017.

Rui Ferreira, who was speaking to the press on Friday after a three-day visit to Moxico province, said that the case was being analysed by a judge who will decide on the procedure to be followed.

“As you know, the judges have a duty of modesty in the way they deal with cases under their jurisdiction. In this regard, I can assure you that the case is in the Supreme Court, “stressed Rui Ferreira, also chairman of the Superior Council of the Judiciary.

According to him, this process is at the beginning phase of treatment, adding that he was not aware of whether or not there will be contradictory instruction about it.

The referred amount of money was transferred under the pretext that it would guarantee an alleged USD 30 million financing in the favour of the Angolan State, however such was never fulfilled.

The operation turned out to be a fraud scheme against the Angolan state. The London authorities suspected the transfer and therefore blocked the funds.

At least nine respondents were heard and home and office searches were carried out, as well as documents and other objects linked to the alleged offense, amongst computers, pen drives, among others, to extract elements connected to the crime.

Source: Angola Press News Agency